Bitcoin has been struggling this year with the coin dropping over 30% off the all-time high. However, it looks like price has managed to find a way out of a recent range. Bitcoin experienced a very strong upward move and rallied over 15% in just 30 minutes. Price jumped from around $31,850 to almost $37,000. As it is usually the case for cryptocurrencies there was no news accompanying the move. Gains are slowly being erased at press time.
Bitcoin experienced a massive surge and has jumped from around $31,850 to over $37,000 in 30 minutes. Source: xStation5
Bitcoin gains 7% and tests $80k 🔼 What does technical analysis suggest?
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